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Diamond Sports Restructuring May Fail As Goalposts Move
Regional sports network owner Diamond Sports Group touted its recently confirmed Chapter 11 plan as a "miracle" that restructured billions of dollars of debt and positioned it well for post-bankruptcy success, but industry analysts say the challenges facing the business could be insurmountable.
Meet The Attys Driving Car Financing Co. Vroom's Ch. 11
Vroom Inc., a financing company and former online used car seller, filed for bankruptcy in Texas earlier this month with plans to exchange nearly all of its $290 million in debt for equity under a Chapter 11 road map approved by most creditors. Behind the wheel of its bankruptcy are a team of Porter Hedges LLP attorneys who have worked on a number of recent high-profile cases.
How Spirit Airlines Landed In Bankruptcy Court
Ultra-low-cost airline Spirit has always been more susceptible to inflationary pressures than its costlier competitors, but its failed merger earlier this year with JetBlue left it drifting toward a prearranged Chapter 11 on Monday to trim its $3.6 billion in funded debt.
Diamond Sports Restructuring May Fail As Goalposts Move
Regional sports network owner Diamond Sports Group touted its recently confirmed Chapter 11 plan as a "miracle" that restructured billions of dollars of debt and positioned it well for post-bankruptcy success, but industry analysts say the challenges facing the business could be insurmountable.
Meet The Attys Driving Car Financing Co. Vroom's Ch. 11
Vroom Inc., a financing company and former online used car seller, filed for bankruptcy in Texas earlier this month with plans to exchange nearly all of its $290 million in debt for equity under a Chapter 11 road map approved by most creditors. Behind the wheel of its bankruptcy are a team of Porter Hedges LLP attorneys who have worked on a number of recent high-profile cases.
How Spirit Airlines Landed In Bankruptcy Court
Ultra-low-cost airline Spirit has always been more susceptible to inflationary pressures than its costlier competitors, but its failed merger earlier this year with JetBlue left it drifting toward a prearranged Chapter 11 on Monday to trim its $3.6 billion in funded debt.
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Large Cap More
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A Delaware bankruptcy judge on Thursday approved American Tire Distributors Inc.'s $250 million Chapter 11 loan after the company resolved a lender group's challenge to the financing that threatened to upend the case.
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Bankrupt trucking firm Yellow Corp. said it had resolved all objections to its Chapter 11 plan disclosure statement Thursday, and a Delaware judge agreed to approve the document once it was updated to reflect the changes.
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A Texas bankruptcy judge on Wednesday pushed a decision on the Chapter 11 plan for the former e-commerce unit of shipping group Pitney Bowes to Monday after the U.S. trustee and Trilogy Leasing Co. LLC, the de... (more story)
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Mid Cap More
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